1801 Plainfield Ave NE Grand Rapids, MI 49505
Versatile mixed-use property in a high-traffic Grand Rapids location.
Type:Retail, Multifamily, Office, Hospitality, Mixed Use
Property size:
9,200 SFLot size:
0.08 Acres- Added:
- May 25, 2023
- Days on Market:
- 1056
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 1801 Plainfield Ave NE
General Information
- Standard status
- Active
- Size
- 9,200 SF
- Lot size
- 0.08 Acres
- Property subtype
- Retail, Multifamily, Office, Hospitality, Mixed Use
Listing agent Justin Ayers License #FLBO
Listing office Justin Ayers
Listing date May 25, 2023
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Justin Ayers
Overview
Mixed-Use Building in Grand Rapids
Located on Plainfield Ave NE in Grand Rapids, Michigan, this mixed-use property offers excellent visibility and accessibility in a prime commercial area. The building, constructed in 1910 and remodeled in 2020 and 2024, features 9,200 square feet of space on a 3,615 square foot lot. The property is zoned for retail, office, and residential mixed-use, providing flexibility for various potential uses, catering to a wide range of tenants or owner-occupiers. The property benefits from prominent frontage on Plainfield Ave NE, ensuring maximum exposure to passing traffic. The property currently boasts a stable tenant base, providing immediate income and potential for future lease escalations. Renovations and upgrades include remodeled spaces with new mini splits, countertops, cabinets, bathroom, and flooring. Additionally, a new 2-zone furnace and AC have been installed, and both roofs are brand new with insulation. The property is offered either as an investment opportunity or for owner-occupancy. The Creston area offers a favorable business climate, supported by a skilled workforce and strategic location within the Midwest. The property is positioned in a high-traffic area with strong demographics, presenting an ideal location for retail and restaurants.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Mixed-use properties
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.6595194
- Latitude
- 42.9955749
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Versatile mixed-use property in a high-traffic Grand Rapids location.
Where is this mixed-use property located?
The property is located at 1801 Plainfield Ave NE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Potential for a 14+% Cap Rate: Significant upside through leasing currently vacant 7,200 sqft.; Prime Location: High‑traffic area on Plainfield Ave NE with excellent visibility and strong demographics.; Recent Renovations: Nearly $200K invested, including new roofs with insulation, updated units (mini splits, countertops, etc.), and new HVAC systems.
